Welcome to today's Defense Business Briefing, your weekly roundup of the latest defense industry news.
Perspecta, the new company formally created last month by combining Vencore with DXC Technology's U.S. public sector business and KeyPoint Government Solutions, will be able to pursue $10 billion to $15 billion more in work through its combined capabilities and increased scale, the contractor's chief executive said last week.
Marine Corps Maj. Gen. John Jansen said he's set to soon debrief Gen. Joe Dunford, the chairman of the Joint Chiefs of Staff, and Pat Shanahan, the deputy defense secretary, about a June industrial base examination held at the Dwight D. Eisenhower School for National Security and Resource Strategy.
Austal USA announced the formal opening of its San Diego operations office.
Textron Systems said sales in its most recent quarter hit $388 million, down from $477 million during the same three-month period a year earlier.
BWX Technologies said this week it has named Tom McCabe general counsel.
Northrop Grumman said it has named Nick Chaffey chief executive for the United Kingdom and Europe, effective Aug. 28.
House and Senate lawmakers are expected to finalize the fiscal year 2019 defense authorization bill this week, while the largest defense companies discuss their quarterly earnings.
Defense Department Chief Management Officer Jay Gibson said the Pentagon is on track to exceed a savings of $4 billion in fiscal year 2018 that can be redirected to other military priorities thanks to an efficiency strategy that began in earnest shortly after he was confirmed by the Senate in February.
The Army is reviewing how it uses other transaction agreements to accelerate the acquisition process, while lawmakers worried about transparency attempt to tighten oversight of the process.
The Pentagon plans to develop a strategy to hasten its lengthy contract award time lines, according to Director of Defense Pricing Shay Assad.